USD/CHF – 1H – SELL

In addition a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The currency pair US Dollar/Swiss Franc (USD/CHF) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 0.76861 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 0.77042 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

In addition a ‘Matching Low’ candlestick chart pattern is found. The candles show ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.77042 – 0.77176 – 0.77248 – 0.76861 – 0.76693 – 0.76665 —
0.77003 – 0.77066 —
56.41945760261 – 62.230235851417 —
– —
0.77042 – 1771254000

Trading Signals: FOREX – USD – USD/CHF – CHF – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –